Project Primo

cancelled

Translated version of this PSD: Russian The EBRD is considering providing a senior loan to First Collection Bureau (“the Company”, “FCB”), a leading debt collection agency in Russia, which has a network of recovery operations across the Russian Federation. The EBRD financing will be used to further expand the Company’s business of acquiring non-performing loans and receivables (“NPLs”), mostly in the unsecured retail sector, from originating financial institutions in Russia. EBRD’s loan will support the expansion of the NPL market in Russia and strengthen the NPL management and collections industry, which are still at a relatively early stage of development. By supporting a leading NPL management company, the EBRD will help increase the industry capacity to acquire NPL portfolios from banks, ultimately enabling Russian banks to restructure their balance sheets and refocus on the core product of bank lending. Established in 2005 in the Far East, FCB has the largest regional footprint and is a leading debt management company in Russia with a 27% market share in the purchased debt market. The Company has an integrated and comprehensive collection operation, which encompasses remote collection (i.e. call centres) and field and legal collection functions. FCB has been an active member of the National Association of Professional Collection Agencies (NAPCA, Russia) since 2009. Up to RUB 860 million in 5 -year senior loan. Up to RUB 860 million. Categorised FI. First Collection Bureau (FCB) will be required to comply with the EBRD's Performance Requirements 2 and 9 and submit annual environmental and social reports to the EBRD. None. Mr. Pavel Mihmel CEO First Collection Agency Promishlennaya St. 20B Khabarovsk, Russia Tel.: +7(4214)45-29-94 E-mail: mikhmel@collector.ru